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Non-Controlling Interests, Preferred Shares, Common Shares and Common Shares in Treasury (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Non-Controlling Interests

Non-controlling interests relate to the following (in millions):

 

     December 31,  
     2013      2012  

Consolidated joint venture interests

   $ 15.8      $ 16.9  

Operating partnership units

     7.4        7.4  
  

 

 

    

 

 

 
   $ 23.2      $ 24.3  
  

 

 

    

 

 

 

Preferred Shares Outstanding

The Company’s preferred shares outstanding at December 31 are as follows (in thousands):

 

     December 31,  
     2013      2012  

Class H — 7.375% cumulative redeemable preferred shares, without par value, $500 liquidation value; 750,000 shares authorized; 110,000 and 410,000 shares issued and outstanding at December 31, 2013 and 2012, respectively

   $ 55,000       $ 205,000   

Class J — 6.5% cumulative redeemable preferred shares, without par value, $500 liquidation value; 750,000 shares authorized; 400,000 shares issued and outstanding at December 31, 2013 and 2012

     200,000         200,000   

Class K — 6.25% cumulative redeemable preferred shares, without par value, $500 liquidation value; 750,000 shares authorized; 300,000 issued and outstanding at December 31, 2013

     150,000          
  

 

 

    

 

 

 
   $ 405,000       $ 405,000   
  

 

 

    

 

 

Common Shares Issued

The Company issued common shares, including through the use of its continuous equity programs, for the years ended December 31, 2013, 2012 and 2011, as follows (amounts in millions, except per share):

 

     Number of
Shares Sold
     Average Price
Per Share
     Net Proceeds  

2013

     44.1       $ 18.76       $ 788.0   

2012

     36.5       $ 13.98       $ 492.1   

2011

     9.5       $ 13.71       $ 129.7